148-150 Yarra Street,
Warrandyte, VIC 3113
Shops & Retail • Development Sites & Land
Key property information
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
148-150 Yarra Street
Warrandyte, VIC 3113
Map of 148-150 Yarra Street
OUTSTANDING WARRANDYTE FREEHOLD WITH NEW 5 YEAR LEASE
- Income: $84,000 pa + GST
- New 5-year lease + options
- Longstanding Not For Profit tenant
Gorman Commercial is pleased to offer 148-150 Yarra Street, Warrandyte for private sale.
Leased to popular Warrandyte Eatery "Now and Not Yet", the building is strategically located in the prime commercial part of Warrandyte, between the popular Grand Hotel and the Warrandyte Bakery. Set amongst other quality eateries and retailers, this outstanding freehold building offers income, location and future development upside (STCA).
Key property features:
* Income: $84,000 pa + GST + outgoings
* New 5-year lease from Feb' 2025 to longstanding & popular tenant "Now and Not Yet"
* The sitting tenant, Now and Not Yet is a registered charity and social enterprise not-for-profit community cafe.
Further details can be found on their website - https://www.nowandnotyet.com.au/about
* Two (2) further terms of five (5) years
* Strong 4% annual rental increases
* Combined building area: 282 sqm approx. comprising well-presented cafe of 222 sqm approx. and additional rear cottage of 60 sqm approx.
* Land area: 473 sqm providing future development potential
* Prominent 8.6m frontage to Yarra Street
* Zoning: Commercial 1
Leased to popular Warrandyte Eatery "Now and Not Yet", the building is strategically located in the prime commercial part of Warrandyte, between the popular Grand Hotel and the Warrandyte Bakery. Set amongst other quality eateries and retailers, this outstanding freehold building offers income, location and future development upside (STCA).
Key property features:
* Income: $84,000 pa + GST + outgoings
* New 5-year lease from Feb' 2025 to longstanding & popular tenant "Now and Not Yet"
* The sitting tenant, Now and Not Yet is a registered charity and social enterprise not-for-profit community cafe.
Further details can be found on their website - https://www.nowandnotyet.com.au/about
* Two (2) further terms of five (5) years
* Strong 4% annual rental increases
* Combined building area: 282 sqm approx. comprising well-presented cafe of 222 sqm approx. and additional rear cottage of 60 sqm approx.
* Land area: 473 sqm providing future development potential
* Prominent 8.6m frontage to Yarra Street
* Zoning: Commercial 1
Warrandyte, 3113 demographic data
The median household income for Warrandyte is $2,742, 44% higher than Greater Melbourne's household income of $1,901. Warrandyte has an older age profile compared to the rest of Greater Melbourne (median age 45 vs 37). Property ownership data shows 49% of property owners in Warrandyte have a mortgage.
5,541
Population
$2,742 per week
Median household income
45 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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